Louisiana Teachers' Retirement System, Baton Rouge, is searching for at least one active domestic core-plus fixed-income manager, confirmed Dana Brown, director of public markets.
The size of the portfolio has not been determined; the $13.7 billion pension fund has a 12% target allocation to domestic fixed income and is working on adjusting the allocation, according to Mr. Brown.
Proposals are due at 4:30 p.m. CDT on July 11. A timetable for a decision has yet to be determined.
The solicitation for proposals is available on the system's website.
A separate search for active domestic core fixed-income managers was launched in April as part of the allocation change. J.P. Morgan Asset Management was rehired to run $625 million; finalists Dodge & Cox and Prudential will present to the board at its July 9-10 meeting.
Separately, the retirement system tabled its search for its first hedge fund consultant. An SFP was issued in March. Finalists Albourne America, Hewitt EnnisKnupp and NEPC made presentations to the retirement system's investment committee on June 7. Mr. Brown said the board might research the move further and revisit the search at a time yet to be determined.
The pension fund approved a target allocation of 2% to hedge funds last June following an asset allocation study by consultant Hewitt EnnisKnupp.